Disparate treatment refers to:
a. the treatment of individuals on the basis of their race, sex, color, religion, or national origin.
b. the treatment of individual workers on the basis of their opportunity costs.
c. the treatment of individual workers on the basis of their marginal productivities.
d. discriminatory treatment of the individuals due to lack of correct information.
e. the discriminatory treatment of firms by the trade unions.
a
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Okun's Law states that for each percentage point that the unemployment rate is above its natural rate, there is a ________ percent gap between real GDP and potential GDP
A) 4 B) random C) 2 D) 6 E) 8
According to the Keynesian view, the prolonged unemployment of the Great Depression:
a. was surprising because Keynesians believed that wage rates would decline and direct the economy to full employment. b. was surprising because Keynesians believed that lower interest rates would direct the economy to full employment. c. resulted because the total expenditures on goods and services were less than the full-employment rate of output. d. resulted because the federal government ran large budget deficits during the 1930s.